daytrade diaries... august 28, page-8

Brief oil and Gas summary, and possible stocks to watch today...

US Natural Gas price outlook countines to look weak,
with Nat Gas prices sitting at $3.20 per MCF...
US Nat Gas prices are down 80% in 13 months, since the peak on July 2nd (US time) of 2008...
And is the highest falling commodity, and most hit by US stock piles ready to pop like a baloon...

Looks like CTP,
Central Petroleum is getting ready for a run...
This Company has Mega Acerage...
The last couple of days performance speaks for itself...
Could this be the next oiler to run like BUY or MMR, MEO?
I think it could...
very early days...

I am expecting more consolidation with CUE, and HZN as they firm up Manaia apprasial well by adding to current production from the Maari field of a whopping 40,000 BOPD...results due early September

CSG sector continues to remain bullish...
any CSG is better than none...
Will CTP get the next big deal?


I will make more comment on US Natural Gas tomorrow and how it will effect the 40ish ASX oil stocks in the region...
DOWS up,
lets have a great day...

Keep an eye on CUE, 30c on these results at Manaia...
...

.^shrewd crude